$464.09 Per Sq Foot $21,576 est/mo Sourced by Back At You

1101 E Colonial Dr,ORLANDO, FL 32803

ORLANDO FL, 32803

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Description

Introducing a unique and exciting investment opportunity in the vibrant heart of Orlando's Mills 50 District - an established restaurant with real estate situated at the coveted corner of East Colonial Drive and North Thornton Avenue. This restaurant boasts a generous Gross Leasable Area (GLA) of 8,163 square feet, making it an expansive and versatile space for culinary endeavors. Currently operating as an owner-operated authentic local cuisine restaurant, it has garnered a loyal customer base over the years, known for its delectable offerings and warm ambiance. The financials of this investment opportunity are equally enticing. With a Net Operating Income (NOI) of $212,800 and a Capitalization Rate (CAP rate) of 5.6%, this property promises a steady and impressive return on investment. The restaurant's strong financial performance is a testament to its enduring popularity and excellent management. One of the standout features of this property is its prime location. Positioned at the corner of East Colonial Drive, this restaurant enjoys a commanding 125 feet of frontage exposure, allowing it to capture the attention of the 35,000 vehicles passing by daily. This high-traffic location not only ensures a steady flow of potential patrons but also makes it an ideal spot for a future owner-occupied user or a dynamic redevelopment project in this thriving area. The Mills 50 District, where this restaurant is located, is renowned for its eclectic blend of creativity and culture. It stands as one of Orlando's most sought-after neighborhoods, known for its welcoming embrace of new concepts and independent retail and restaurant ventures. In this vibrant community, innovation and diversity flourish, creating a dynamic environment that attracts residents and visitors alike. Whether you're an experienced restaurateur looking to capitalize on the restaurant's established success or a visionary developer seeking to shape the future of this dynamic neighborhood, this restaurant and real estate offer an exceptional opportunity. Don't miss the chance to be part of the ever-evolving culinary and cultural landscape in Orlando's Mills 50 District. This is more than an investment; it's an invitation to become part of a thriving community. Act now and make this exceptional property your own.

Details

MLS#O6112691
Listing TypeFor Sale
StyleHospitality
Sub-TypeFor-sale
StatusActive
Year1926
Days On Site408
Listing Provided ByBLUE CHIP INTERNATIONAL REALTY LLC | Xiao Pang
Buying Commision2%

Features

SQ Feet8,163
Story(s)1
ZoningAC-1/T
Acreage0.35

Market Activity 32803

 Listings courtesy of Stellar MLS as distributed by MLS GRID.Based on information submitted to the MLS GRID as of July 20, 2024 at 3:07:18 AM PDT All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com. “The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

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Listings Checked: 5 minutes ago
StateFL
CountyOrange
CityORLANDO
Zip Code32803
Area32803 Orlando | Colonial Town
Community NameOVERSTREET OAK HILL SUB
Listing VS Median (in OVERSTREET OAK HILL SUB)
Price:
$3,800,000
low | high
Med:
$997,500
100% of Average
SqFt:
8,163
low | high
Med:
2,213
100% of Average
$ / SqFt:
$466
low | high
Med:
$453
52.631150083545% of Average
On Site:
408
low | high
Med:
52.500000
100% of Average
Sourced by Back At You
Listing Updated: July 18, 2024 at 1:53:07 AM PDT